FINRA is pleased to announce the U.S. Securities and Exchange Commission's recent approval of FINRA's proposal to expand its transparency initiative for over-the-counter (OTC) equity securities.
News Releases & Statements
FINRA announced today that it has expelled New York-based Halcyon Cabot Partners, Ltd., and barred Chief Executive Officer Michael Morris and Chief Compliance Officer Ronald Heineman from the securities industry, for fraud, sales practice abuses, and widespread supervisory and anti-money laundering failures.
WASHINGTON – Due to a configuration error, some of the individuals who took the Series 24 supervisory examination in recent weeks incorrectly received a failing grade. The Financial Industry Regulatory Authority (FINRA) is notifying all of the affected firms and is correcting individual records in its CRD database.
Some Demographic Groups Under-Represented Among Investor Households, FINRA Foundation Research Finds
More than 3 in 10 U.S. households own taxable investment accounts, but black and Hispanic households are significantly less likely than white households to hold taxable accounts, according to a new report issued by the FINRA Investor Education Foundation.
FINRA announced today that it has censured and fined UBS Financial Services Incorporated of Puerto Rico (UBS PR) $7.5 million for supervisory failures related to the suitability of transactions in Puerto Rican closed-end fund (CEF) shares. In addition, FINRA ordered UBS PR to pay approximately $11 million in restitution to 165 customers who were forced to realize losses on their CEF positions.
FINRA issued a new Investor Alert called Smart Beta—What You Need to Know. FINRA is publishing this alert to educate investors about financial products, primarily ETFs, which are linked to and seek to track the performance of alternatively weighted indices commonly referred to as "smart beta" indices.
FINRA announced that its Board of Governors approved a rulemaking item to help firms better protect seniors and other vulnerable adults from financial exploitation.
FINRA announced today that as a result of a 2014 onsite exam, it found securities violations including various misleading sales pitches, customer account churning and other business misconduct at Global Arena Capital Corp.
FINRA announced that it has released Guidance on Liquidity Risk Management Practices, the results of a year-long review of firms’ contingency plans and processes related to managing liquidity needs in a stressed environment.
FINRA's new Alert warns investors to be wary of stock promotions sent through increasingly popular messaging apps such as WhatsApp.